What do you think about a bear market? Could it reach us? What do users who have been following bitcoin for a long time say about a potential bear market? What is the current pattern and what are the important indicators?
The demand for Bitcoin is increasing worldwide. Due to the strong interest of institutional investors in investing in Bitcoin, this price is now on the verge of skyrocketing. Bitcoin is volatile so there will be ups and down. Just as a long bullish trend comes after a long bearish in the same way bearish to bullish. However, the situation we saw in the market before 2020 is very unlikely to happen in Bitcoin. Even if the bearish trend of the market has started at the present time, it will be difficult for the price of Bitcoin to fall significantly.
We have seen a large fall in the Bitcoin price due to the impact of trade tariffs in the past few days. It did not last long, the market has risen again in a short time. Therefore, even if a bear market comes, there is little chance of a major fall in the price. Where demand is increasing, we expect a bullish movement.